COMPANY UPDATE: Wockhardt promoter releases pledge on 13.2 lakh shares on December 11
Market Watch: Shubham Agarwal, CEO & Head of Analysis, Quantsapp Advisory
Purchase 480 strike name choice for Cadila Healthcare for a goal of Rs 20 with a cease loss at Rs 12. Purchase 820 strike name choices for Voltas for a goal of Rs 30 with a cease loss at Rs 17 and purchase 520 strike name choice for Dabur with a goal of Rs 16 for a cease loss at Rs 10
JUST IN: Mindtree says BSE & NSE approve purposes of Co-founders for reclassification from ‘Promoter/Promoter Group’ to ‘Public’ class
Technical View | The Nifty is on the midpoint of the resistance patch which is in between 13,400 and 13,700. We’ve got been on this vary for over every week now as it is a decisive level for the index and may pose a menace to the upward route of the market ought to there be a U flip from the present juncture. The breaking of 13,300-13,400 might be a dicey scenario to be in, says Manish Hathiramani, Proprietary Index Dealer and Technical Analyst, Deen Dayal Investments.
Majesco says report date for dividend is December 25 & earliest dividend payout is December 30
Majesco has permitted fee of Rs 974/sh interim dividend for the monetary 12 months 2020-21. This interim dividend payout interprets to an quantity of Rs 2788.4 crore on a shareholder base of 28.577 million shares
Market Watch: Dipan Mehta, Director, Elixir Equities on ONGC
“When you can see some quantity of worth cash stepping into ONGC and lifting the inventory value up and perhaps you can see the inventory value going up by one other 5-10 p.c or so, that is clearly not for long run buyers. You probably have a 3-5 years kind of a view, with the sort of opinion which is there on crude oil costs which is long run damaging, I might not be so optimistic about ONGC’s prospects over the following 2-3 years or so. On the quick time period you can see the buying and selling rally lengthen for some extra time, however medium to long run I don’t suppose ONGC can provide nice returns and even outperform the market.”
Opening Bell: Sensex opens 150 factors decrease, Nifty round 13,500; financials, IT shares drag
Indian indices opened began the day on a weak word on Tuesdsy monitoring blended tendencies in international friends. Losses in banks, financials, and IT shares weighed on the sentiment, At 9:18 am, the Sensex was buying and selling 152 factors decrease at 46,101 whereas the Nifty fell 51 factors to 13,507. Broader markets, nevertheless, had been blended with the midcap index down 0.3 p.c and smallcap index flat. On the Nifty50 index, Eicher Motors, NTPC, HDFC Life, Dr Reddy’s and Divi’s Labs had been the highest gainers whereas Axis Financial institution, ONGC, Asian Paints, M&M and ICICI Financial institution led the losses.
Oil slips on demand worries as COVID-19 lockdowns tighten in Europe
Oil costs dipped in early commerce on Tuesday, with demand worries as a result of tighter lockdowns in Europe outweighing aid from vaccination rollouts and considerations a couple of flare-up of stress within the Center East. US West Texas Intermediate (WTI) crude futures fell 16 cents, or 0.3 p.c, to USD 46.83 a barrel at 0158 GMT, whereas Brent crude futures fell 20 cents, or 0.4 p.c, to USD 50.09 a barrel, erasing half of Monday’s positive factors. London stepped up restrictions requiring bars and eating places to shut, as COVID-19 an infection charges continued to rise sharply, which can dent gas demand within the close to time period. Additional marring the demand outlook, Italy mentioned it was contemplating extra stringent restrictions over the Christmas holidays, whereas most shops in Germany have been ordered to close till Jan. 10, with little prospect of an easing early within the new 12 months. More here
Mrs Bectors Meals mops up Rs 162 crore from anchor buyers
Mrs Bectors Meals Specialities on Monday raised Rs 162 crore from anchor buyers forward of its preliminary public supply opening on Tuesday. The biscuit maker has determined to allot greater than 56.25 lakh shares at a value of Rs 288 apiece to the anchor buyers, in keeping with a regulatory submitting. On the value of Rs 288 per share — which can be the higher finish of the IPO value band — the whole quantity raised is little over Rs 162.01 crore. HDFC Life Insurance coverage Firm, Goldman Sachs India, Franklin India Smaller Corporations Fund and SBI Debt Hybrid Fund are among the many anchor buyers. More here
Oaktree Cap emerges highest bidder for DHFL; outbids Adani and Piramal
US-based Oaktree Capital Administration has outbid rivals Piramal and Adani Group to emerge as the very best bidder for Dewan Housing Finance Restricted (DHFL) within the fourth spherical of bidding, a number of individuals concerned within the deal advised CNBC-TV18. Of the three bids obtained for all the portfolio of DHFL, Adani Group has surprisingly supplied the least as per the newest bids obtained this morning. The deadline to submit bids ended this morning, and three suitors submitted new bids for all the portfolio, CNBC-TV18 reported earlier as we speak. Oaktree Capital raised its supply to a complete of Rs 36,646 crores to accumulate all the DHFL ebook, three individuals independently confirmed to CNBC-TV18. More here
First up, right here is fast catchup of what occurred within the markets on Monday
Indian indices ended at report shut on Monday, monitoring positive factors in Asian friends as progress on COVID vaccine lifted investor sentiment. financial institution house, positive factors had been led by financial institution, financials, metallic and pharma sectors. The Sensex ended 154 factors greater to its report shut of 46,253 whereas the Nifty rose 44 factors to its closing excessive of 13,558. In intraday offers as effectively, The Sensex hit its all-time excessive of 46,373, rising as a lot as 274 factors whereas the Nifty climbed its report excessive of 13,597, up as a lot as 83 factors. Broader markets, nevertheless, outperform benchmarks throughout the day with the Nifty Midcap and Nifty Smallcap indices up 0.5-1 p.c every. On the Nifty50 index, ONGC, L&T, Cipla, Coal India, and IOC had been the highest gainers whereas Eicher Motors, Hero Moto, M&M, HDFC Life and Tech Mahindra led the losses.
Welcome to CNBC-TV18’s Market Reside Weblog
Good morning, readers! I’m Pranati Deva from the market’s desk of CNBC-TV18. Welcome to our market weblog, the place we offer rolling dwell information protection of the newest occasions within the inventory market, enterprise and economic system. We can even get you prompt reactions and visitors from our stellar lineup of TV visitors and in-house editors, researchers, and reporters. In case you are an investor, right here is wishing you an amazing buying and selling day. Good luck!